• Streo app enables users to listen to music from their favourite nightclubs and bars, from anywhere in the world, live
• The startup will use the investment for expansion across tier 1 cities in India

Common conception seemed to be, it’s always been hard for media companies, and niche social ecommerce networks to monetize - regardless of how many millions they have raised. Is it a misconception though?

Launched last year, FbStart is a programme that helps thousands of developers grow their startups by leveraging valuable tools & services, worldwide events, and opportunities to engage with the Facebook team.

According to the LexisNexis 2016 Total Cost of Fraud Study1, online fraud in the retail sector is on the rise. Across all channels, it has risen from 0.51 percent of annual revenues in 2013 to 1.47 percent in 2016, with online and mobile channels being hit the hardest.

Always remember, your business is to build a great start-up, investor's business is to invest money in a great start-up to get high returns – founders and investors are partners on the same side of the game.